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Business

Laos-China Railway Hits New Milestone as Cargo Value Soars Past USD 1.4 Billion

The Laos-China Railway has notched up another milestone in its rapid expansion, transporting more than 2.48 million tones of goods worth over CNY 10 billion (approximately USD 1.4 billion) between January and May this year, according to figures released by Chinese customs and reported by Xinhua. Both freight volume and value...

Laos Proposes Tax Relief for Small Businesses Under Revised Income Tax Law

On 24 June, Laos proposed amending the Income Tax Law to exempt unprofitable small...

Oil Prices Spike After United States Strikes on Iran Nuclear Sites

AFP - Oil prices surged in early trade Monday on concerns of disruption to...

Vietnam Parliament Approves Raising Alcohol Tax to 90 Percent by 203

On 14 June, Vietnam’s parliament passed legislation to increase the special consumption tax on...

Costa Group Becomes Sole Concession Owner of Laos Blueberry Operations

In a ceremony held on 13 June in the city of Pakse, leading global...

Lao Airlines Becomes Full Member of IATA

Lao Airlines, the flag carrier of the Lao PDR, has joined as a full member of International Air Transport Association (IATA) that helps to...

Lao Holdings Revenue Growth Continues

The Lao Holdings State Enterprise (LHSE) expected that revenues from the next six months of operations are set to increase with the government's bottom...

Group Lease PCL Q2 Profits Nearly Doubles from Last Year

Thanks to very strong performance both in Thailand and particularly in Cambodia and Laos, SET-listed digital finance firm Group Lease Public Company Limited ("GL",...

The Rise, Fall and Possible Renewal of Boten

BOTEN, Laos — For five years, this remote town on the China-Laos border has lived in the shadow of more prosperous times. On the main street,...

The First Botanical Garden in Laos Opening in November

Pha Tad Ke Botanical Garden is opening to the public on November 1st 2016. Founded by curator and publisher, Rik Gadella, Pha Tad Ke...

Kyochon Chicken Plans to Expand to Laos Within Next 5 Years

KYOCHON Chicken, a South Korea-based fried-chicken restaurant chain, has set a five-year business plan to penetrate Thailand, Cambodia, Myanmar and Laos. Tarakorn Angpubate, chief executive...